The direct vacancy rate in Downtown Denver now stands at 9.83%,but the rate jumps by more than 50% to 14.81% when subleased spaceis thrown into the mix, says Steve Bassett, senior vice presidentof the firm's Denver office.

The REGI doesn't forecast subleased space, he says.

The REGI projection shows that by 2005, Downtown Dallas willhave the highest office vacancy rates with 24.1%. Chicago'sDowntown will be second to Denver, at 9.3%.

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